DENVER, Jan. 07, 2019 (GLOBE NEWSWIRE) — Common Cannabis Corp. (OTCQX:CANN), the complete resource for the highest high-quality service providers accessible to the regulated cannabis market, has announced the retirement of its CEO Robert Frichtel. He will stay a member of the Board of Directors. The Board of Directors has engaged an executive search firm to discover his replacement. Michael Feinsod, the Chairman of Common Cannabis because 2014, will be the interim CEO.
“It has been a seriously thrilling run for Common Cannabis and I think I leave the organization in a tremendous position to take benefit of so several possibilities that this rapid developing market is supplying,” stated Frichtel. “It is time for me to pass the baton off to one more executive that can take the organization to the subsequent level and several above that. I will stay on the Board and appear forward to contributing my years of practical experience and information to the subsequent generation of leadership.”
“We want to thank Robert Frichtel for all his years devoted to developing this organization,” stated Michael Feinsod, Chairman of Common Cannabis. “Robert has been a trusted colleague and pal and we are glad that he will stay on the Board and nonetheless stay a contributing resource to the organization. Robert has been an invaluable component of Common Cannabis for the duration of his tenure. He has enhanced the organization at each level, adding important leadership talent, investing in infrastructure and navigating new development possibilities inside the cannabis market.”
“We are focused on producing shareholder worth by making certain our personnel are empowered and equipped to win buyers in a quickly evolving landscape. We have embarked on a search for a new CEO that will assist construct off the foundation we’ve currently made. Common Cannabis has positioned itself for important expansion across all of our divisions and to also expand our portfolio into other subsidiary verticals,” stated Feinsod.
About Common Cannabis Corp.
Common Cannabis Corp. is the complete national resource for the highest-high-quality service providers accessible to the regulated cannabis market. We are a trusted companion to the cultivation, production and retail sides of the cannabis organization. We do this by means of a mixture of powerful operating divisions such as safety, advertising and marketing, operational consulting and solutions, genuine estate and financing. As a synergistic holding organization, our divisions are capable to leverage the strengths of every single other, as nicely as a bigger balance sheet, to succeed. Our site address is www.generalcann.com.
This release consists of forward-searching statements that relate to future events or Common Cannabis’ future efficiency or monetary situation. Such statements involve statements concerning our capacity to take benefit of possibilities in our rapid developing market our positioning for important expansion across all of our divisions and our positioning to expand our portfolio into other subsidiary verticals our concentrate on producing shareholder worth and our search for a new Chief Executive Officer. Any statements that are not statements of historical truth, such as the statements above and such as statements containing the words “plans,” “anticipates,” “expects” and equivalent expressions, ought to also be deemed to be forward-searching statements. These forward-searching statements are not guarantees of future efficiency, situation or outcomes and involve a quantity of dangers and uncertainties. Actual outcomes could differ materially from these in the forward-searching statements as outcome of a quantity of things, such as these described from time to time in Common Cannabis’ filings with the Securities and Exchange Commission. Common Cannabis undertakes no duty to update any forward-searching statements produced herein.
Common Cannabis Corp